Global Investors Set Their Sights on India, Says Piyush Goyal
India’s growth trajectory is attracting global investor interest, according to Union Commerce and Industry Minister Piyush Goyal. Speaking at the Citi India Conference 2026, Goyal emphasized that his recent discussions with international investors reveal a strong confidence in India’s economic prospects. He stated that the world’s long-term capital is increasingly focused on the opportunities India presents.
Goyal projected that India will maintain its status as the world’s fastest-growing economy for over two decades. He noted a shift in investor sentiment, with discussions now centered on how quickly they can engage with India’s growth rather than whether to invest at all.
Examples of Successful Investments
To illustrate the potential in India, Goyal referenced South Korean automaker Hyundai, which entered the Indian market in 1999 with a $200 million investment. At that time, the country’s infrastructure was still developing. Hyundai began manufacturing vehicles in India a few years later and has since expanded its operations significantly. Over the last decade, the company has generated approximately $12-13 billion from the residual value of its stake, alongside another $12-13 billion through royalties, dividends, and capital.
Goyal also highlighted British construction equipment manufacturer JCB, which entered India during a period of early infrastructure development. Today, JCB not only manufactures in India but also serves the domestic market and exports to nearly 130 countries. He remarked that both Hyundai and JCB have prioritized substance over noise in their operations.
India’s Manufacturing and Trade Landscape
The minister pointed out that India has consistently adapted its policies and business strategies to align with changing global conditions, turning challenges into opportunities. He emphasized that the country is catering to its domestic market of 1.4 billion people while emerging as a manufacturing hub for global markets.
Goyal noted India’s proactive trade outreach, mentioning that the country has signed nine free trade agreements in the past three and a half years, covering 38 developed economies. These agreements are designed to enhance India’s growth by providing necessary products and services while creating opportunities for Indian exports, talent, and investment. He concluded by stating that patient investors in India have seen significant returns, rewarding their long-term conviction.
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